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Natwest loan
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Hi,
I have an old natwest loan that was taken out around 2007. I ran into financial trouble in 2009 and put this loan into a DMP of which it is getting repaid every month. The loan was initially around 24k. When i ran into trouble i called natwest to ask for a copy of the loan agreement and they couldnt provide it as had lost it, but by that time they had defaulted my account (around 2009). This default and subsequent loan has now dropped off my credit file and the only record that it still exists are the payments i make to the DMP and they then make to the debt collector, Triton. i want to know that as i have letters from natwest confirming that they cannot find the agreement, but i am still under contract to make the payments, whether i should stop making the payments to Triton via the DMP, or whether this would subsequently lead me to being chased for the outstanding debt, which is now around 18k. Another option is possibly ask Triton directly for a settlement figure, which i would be looking at hopefully 20% of the total balance, bare in mind they only get £65pm from the DMP.
Advice would be greatly appreciated.
I have an old natwest loan that was taken out around 2007. I ran into financial trouble in 2009 and put this loan into a DMP of which it is getting repaid every month. The loan was initially around 24k. When i ran into trouble i called natwest to ask for a copy of the loan agreement and they couldnt provide it as had lost it, but by that time they had defaulted my account (around 2009). This default and subsequent loan has now dropped off my credit file and the only record that it still exists are the payments i make to the DMP and they then make to the debt collector, Triton. i want to know that as i have letters from natwest confirming that they cannot find the agreement, but i am still under contract to make the payments, whether i should stop making the payments to Triton via the DMP, or whether this would subsequently lead me to being chased for the outstanding debt, which is now around 18k. Another option is possibly ask Triton directly for a settlement figure, which i would be looking at hopefully 20% of the total balance, bare in mind they only get £65pm from the DMP.
Advice would be greatly appreciated.
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